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Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile
($ in Millions) 2022 2023 2024 2025  2026  2027 and
PPL Capital Funding $0 $0 $0 $0 $650 $1,396     $2,046
PPL Electric Utilities(1) $474 $340 $650 $0 $0 $3,075     $4,539
Louisville Gas & Electric(1) $0 $0 $0 $300 $90 $1,634     $2,024
Kentucky Utilities(1) $0 $13 $0 $250 $164 $2,215     $2,642
Rhode Island Energy(2) $14 $1 $1 $1 $0 $1,499     $1,516
Total Debt Maturities(3) $488 $354 $651 $551 $904 $9,819     $12,767


Note: As of June 30, 2022.

(1) Amounts reflect the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.

(2) Amounts reflect sinking fund payments that are due annually until the bond's final maturity.

(3) Does not reflect unamortized debt issuance cost and unamortized premiums (discounts). At June 30, 2022, this represented a total amount of ($113 million).


Current Credit Ratings

Current credit ratings as of June 30, 2022

Senior Unsecured Ratings

Entity Moody's S&P
PPL Capital Funding, Inc. Baa1 BBB+
Rhode Island Energy A3 A-

Senior Secured Ratings

Entity Moody's S&P
Louisville Gas and Electric Company A1 A
Kentucky Utilities Company A1 A
PPL Electric Utilities Corporation A1 A+
Rhode Island Energy NR A
Moody's upgrades PPL credit rating following company's strategic repositioning and acquisition of The Narragansett Electric Company

Moody's cites improved overall business risk profile of PPL's U.S.-focused regulated portfolio.    

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Sustainability Report highlights how PPL is moving energy forward

PPL’s latest Sustainability Report highlights the company’s progress and approach on a wide range of environmental, social and governance initiatives.

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PPL Sets Net-Zero Carbon Emissions Goal

Sets 2050 net-zero carbon emissions goal, targeting 80% reduction by 2040 and 70% reduction by 2035.

Read More 

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